Members' Area
This area does not yet contain any content.
Emini Futures Trading Blog
Members Area
Live Emini Training Room
Christian Financial Radio Network
Emini Broadcast Listen Live

 

Live Market Commentary


Every Trading Day 12-2pm Eastern

To view our charts and participate
in the live discussion

Click Here

 

 

 

Compatible Trading Platforms

 

Christian Financial Radio Network BBB Business Review

 

 

 

What happens in your E-Mini Live Trading Room?

For traders seeking hands-on instruction in a virtual classroom, we offer the CFRN Live emini trading room. CFRN wraps all of its proprietary trading systems, indicators, and methodology into this unique educational environment.

live market commentary, real-time application of the CFRN Proprietary Indicators, and trade signals in real-time.
Ask questions and learn the most important trading lesson of all: WHEN, HOW, and WHY you should get in or out of a trade.

 

This show is so good because it not only talks about the markets , which we all are enthralled with, but also about finding out about ourselves and how it relates not only to our trading, but maybe even more important about how we see ouselves in the world we live in and how from the knowledge we take from this show can make ourselves a better human being in our life here on earth--I'll say it one more time"MAN I LOVE THIS SHOW"-thanks guys

- R.H. Canada

More testimonials ...



Follow Us
« Emini Futures Podcast for Wednesday 02/22/12 | Main | Learn to Trade Emini Futures - Support And Resistance »
Tuesday
Feb212012

Learn to Trade Emini Futures - Head And Shoulders Pattern

(QQQQ)(DIA)(SPY)(GLD)(SLV)

The S&P500 Emini Futures took a backseat today as all eyes were on the Dow Jones Industrial Average (DJIA) and the 13,000 level. The last time the Dow closed above 13,000 was May 19th, 2008. Although we did trade above 13,000 intra-day, the market sold off into the close so "Close, but no cigar". A more important level to watch perhaps is how the S&P500 Cash Index handles 1,370. While it may not receive as much press, of the two I believe it to be the more critical metric of whether the markets continue what has thus far been a very impressive multi month rally against a backdrop of angst and the proverbial wall of worry.

Definition of 'Head And Shoulders Pattern'

We don't spend a lot of time on specific patterns but occasionally one shows up so nicely it just seems wrong not to point it out. So what is the Head and Shoulders Pattern? According to Investopedia:

A technical analysis term used to describe a chart formation in which a stock's price:

1. Rises to a peak and subsequently declines.
2. Then, the price rises above the former peak and again declines.
3. And finally, rises again, but not to the second peak, and declines once more.

The first and third peaks are shoulders, and the second peak forms the head.

This video is so nicely done I feel compelled to share it with you -

 

While it is not my personal "go to" reversal pattern, the "head-and-shoulders" pattern is believed by many traders to be one of the most reliable trend-reversal patterns yet discovered. 

 

The one we pointed out today during the Live Radio Broadcast was not only "picture perfect" but it appeared as the Dow was testing that all important 13,000 number.

 

 

SP500 Emini Futures Tweet

Last night on our Public Twitter Feed - @CFRN we suggested selling 1364 Stop.

 

At this point we Tweeted to consider locking in some or all profits. Did you?

 

Dow 13,000

CFRN Partners were presented with several dynamic trade setups on the Dow (YM) Emini Futures today as the world at large was transfixed by the cash index.

Opening bell -

Dow (YM) Emini Futures 02/21/12

Mid-morning

Dow (YM) Emini Futures 02/21/12

Early afternoon -

Dow (YM) Emini Futures 02/21/12

 

Look good? If you can send an email, "I can teach you to trade this setup in 1 Week!"

 

Unlike other web sites and training rooms that guarantee you success,
we make no such promise.

 

What we offer is simple

  • To teach you how to trade

 

Want to learn?

Connect with us: Follow Me on PinterestFollow us on Twitter! Follow us on Facebook! Read the MailChimp blog Learn MailChimp on iTunes

 Please leave a review on iTunes

 

 5 Day FREE Trial - Platform / Data / Indicators / Training

Emini Podcast for Tuesday 02/21/12

References (6)

References allow you to track sources for this article, as well as articles that were written in response to this article.
  • Response
    Learn to Trade Emini Futures - Head And Shoulders Pattern - emini news blog - Emini Trading
  • Response
    Football is truly one of the most significant sports in America. It has a main following.
  • Response
    Time frame has been people today are given your personal if he or she wished for newspaper and / or vinyl purses whether they attended browsing yet today you could be immediately supplied naff.
  • Response
    Response: abSINPOB
    Learn to Trade Emini Futures - Head And Shoulders Pattern - emini news blog - Emini Trading
  • Response
    Learn to Trade Emini Futures - Head And Shoulders Pattern - emini news blog - Emini Trading
  • Response

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>